106/36A Welles Street, Christchurch Central, Canterbury

SoldOct 15, 2023

106/36A Welles Street, Christchurch Central, Canterbury

$430,000

63 m²

Apartment

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Sold: Oct 15, 2023

What's around 106/36A Welles Street

Proven Investment at Atlas Quarters

TO REQUEST THE PROPERTY DOCUMENTATION, COPY AND PASTE THE FOLLOWING INTO YOUR BROWSER: https://www.propertyfiles.co.nz/property/L36689646 Positioned in the heart of the city and just a short stroll from the new Christchurch Stadium (due 2026), this modern one-bedroom apartment offers both lifestyle convenience and outstanding income potential. Currently operating as a highly successful short-stay rental, the property boasts a stellar 9.7/10 average rating on Booking.com across 300+ reviews. Over the past four years it has run at near-full occupancy, with this year alone generating just over $74,000 gross income - and only four vacant nights. With weekend rates already lifted for summer 2025/26, next year's turnover is projected to exceed $80,000 gross. The real advantage here is the transfer of an established, high-performing Booking.com account complete with forward bookings - providing the new owner with instant cashflow. What usually takes years to build is already in place. There's also scalability: secure another apartment in the complex and leverage the same account to grow returns further. For investors, this represents commercial-level yields with the benefit of residential lending conditions. For owner-occupiers, it doubles as a stylish, lock-up-and-leave city pad within walking distance of cafés, bars, and all central attractions. Opportunities with such a strong track record and immediate income stream are rare. This won't last long so touch base to organise a viewing with Hayden.